Nexthink, a provider of end-user IT analytics, has raised USD40 million in new investment round led by venture capital (VC) firm Highland Europe.
This is the largest round of funding to date for Nexthink and includes participation from the Bertarelli family’s Waypoint Capital and existing investors Auriga Partners and Galeo Ventures.
This latest round brings the total capital raised by Nexthink to USD65 million since the Company was founded from a research project in artificial intelligence at the prestigious EPFL (Ecole Polytechnique Fédérale de Lausanne) in Switzerland in 2004.
Nexthink reported record quarterly growth in 2015 for the ninth consecutive year and annual growth of over 50 per cent – 157 per cent in North America, 170 per cent in Northern Europe and over 60 per cent in the DACH region.
The Company has over 600 customers worldwide, representing more than 2.4 million endpoints under management. Nexthink’s technology uniquely addresses a growing need of providing IT departments with real-time visibility of their end-user infrastructure. With Nexthink analytics IT operations teams can decrease end-user disruption by 30 per cent while detecting security incidents in seconds across thousands of computers.
Equipped with the latest round of funding, Nexthink plans to further invest in innovation and expand its global presence, including the recent opening of its US sales headquarters in Boston.
“There is universal pain and a big need to have end-user visibility for any IT team world-wide. This latest round enables us to expand in key markets and add new modules to our product roadmap. Many new surprises are coming up very soon,” says Pedro Bados, CEO/President and Co-founder of Nexthink. “We had multiple investment proposals for this round and the team at Highland Europe was the perfect fit for us. We were convinced by their proximity, strong international network and proven track-record in this space.”
"At Highland Europe, we aim to back entrepreneurs with uncapped ambition and technology companies with global market potential,” says Fergal Mullen, Founding Partner at Highland Europe. “We are delighted to have the opportunity to support Nexthink's founders in the journey ahead with a view to consolidating the Company's leadership position in the end-user IT analytics market and building a very valuable business."
